Capitol Federal Financial (NASDAQ:CFFN) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Shares crossed above its 200-day moving average, trading as high as $7.66 and last at $7.63 versus the 200-day MA of $6.84 on volume of 597,725 shares.
• Dividend increased to $0.085 quarterly (annualized $0.34) from $0.04, implying a 4.5% yield and a payout ratio of 60.71%.
• Analysts maintain a consensus Hold rating (four analysts) with an average target of $7.25; the company has a market cap of about $990.7M, a P/E of 13.63, and recently beat quarterly EPS estimates ($0.16 vs. $0.15).

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.84 and traded as high as $7.66. Capitol Federal Financial shares last traded at $7.63, with a volume of 597,725 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CFFN. Weiss Ratings reissued a "hold (c)" rating on shares of Capitol Federal Financial in a research report on Friday, March 27th. Keefe, Bruyette & Woods raised their target price on shares of Capitol Federal Financial from $6.50 to $7.50 and gave the company a "market perform" rating in a research report on Thursday, January 29th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $7.25.

Capitol Federal Financial Price Performance

The stock has a market cap of $990.68 million, a price-to-earnings ratio of 13.63 and a beta of 0.67. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.24 and a current ratio of 1.24. The company has a 50-day simple moving average of $7.30 and a two-hundred day simple moving average of $6.84.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The savings and loans company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. Capitol Federal Financial had a return on equity of 6.99% and a net margin of 16.98%.The company had revenue of $56.80 million during the quarter, compared to the consensus estimate of $56.02 million. As a group, equities research analysts forecast that Capitol Federal Financial will post 0.46 EPS for the current year.

Capitol Federal Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were paid a $0.085 dividend. This is an increase from Capitol Federal Financial's previous quarterly dividend of $0.04. This represents a $0.34 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, February 6th. Capitol Federal Financial's dividend payout ratio is 60.71%.

Institutional Investors Weigh In On Capitol Federal Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its stake in Capitol Federal Financial by 72.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 4,926 shares of the savings and loans company's stock valued at $31,000 after purchasing an additional 2,062 shares during the last quarter. Osaic Holdings Inc. increased its position in Capitol Federal Financial by 474.6% during the second quarter. Osaic Holdings Inc. now owns 5,763 shares of the savings and loans company's stock worth $35,000 after buying an additional 4,760 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Capitol Federal Financial by 180.5% in the second quarter. EverSource Wealth Advisors LLC now owns 8,501 shares of the savings and loans company's stock valued at $52,000 after buying an additional 5,470 shares during the period. Wealthstream Advisors Inc. bought a new stake in Capitol Federal Financial in the third quarter valued at approximately $65,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Capitol Federal Financial during the 4th quarter worth approximately $71,000. 88.51% of the stock is owned by institutional investors.

About Capitol Federal Financial

Capitol Federal Financial, Inc is a bank holding company headquartered in Kansas City, Missouri. Through its principal subsidiary, Capitol Federal Savings Bank, the company provides a range of retail and commercial banking products and services. These offerings include checking and savings accounts, certificates of deposit, home equity lines of credit and other consumer loan products. In addition, Capitol Federal Financial operates an active mortgage origination business, making residential mortgage loans both for its own portfolio and for sale in the secondary market.

Established in 1893, Capitol Federal has grown into one of the nation's largest mutual savings banks, emphasizing long-term customer relationships and conservative credit practices.

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